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Harness the power of the sun and experience widespread savings with the Federal Solar Tax Credit. This money-making incentive permits homeowners to claim a 30% tax credit for installing solar photovoltaic (PV) systems. Whether you’re upgrading your home with solar panels or making an investment in community solar initiatives, the tax credit is designed to make solar energy more affordable.
The credit covers a portion of the cost, such as installation, and there’s no maximum restriction to what you can declare. It’s available for systems established between January 1, 2017, and December 31, 2034, making now the perfect time to go solar. The credit score will continue to be at 30% until 2032, then decrease to 26% in 2033 and 22% in 2034 before expiring.
To be eligible, the solar PV system must be mounted at a house you own in the USA. You may claim the credit score if you own the system outright or if you’ve invested in a community solar project.
Investing in solar is not just a step towards a sustainable future but also a smart financial move. Take advantage of the Federal Solar Tax Credit and reduce your tax bill while contributing to a cleaner environment.
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